On the recordMay 11, 2011
It protects taxpayers from bailouts.
Source
congress.govIt protects taxpayers from bailouts.
Highlighting taxpayer protection measures in the Dodd-Frank Act.
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Congress did not intend for the Federal regulators to discard the State risk-based capital system in favor of a banking capital regime.
It is also important, of course, for community banks to be well-capitalized so that they can continue to lend during difficult periods.
Lower paid workers, as well as women and minorities, are over-represented in the most affected sectors, and, thus, have borne a disproportionate share of the job and income losses.